即使以太坊（ETH）價格繼續面對下降壓力

即使以太坊（ETH）的價格繼續面對向下壓力，最近的趨勢也有一些觀察者懷疑資產的潛力

The price of Ethereum (ETH) has been struggling recently, but that isn’t stopping some investors from buying high and hoping for even higher prices later.

以太坊（ETH）的價格最近一直在掙扎，但這並沒有阻止某些投資者購買高價，並希望以後更高的價格。

During the past week, 1.2 billion worth of ETH was taken off of exchanges, the highest amount seen since December of last year. This kind of movement is traditionally seen as a signal that investors expect an asset’s price to appreciate.

在過去的一周中，從交流中取出了12億個ETH，這是自去年12月以來的最高數量。傳統上，這種運動被視為投資者期望資產價格會欣賞的信號。

Strategic Buying Opportunity or Short-Term Risk?

戰略購買機會還是短期風險？

The world’s second-largest cryptocurrency has seen plenty of consolidation in recent weeks as traders and investors ponder its next move. While the broader market sentiment has been pessimistic, the $1.8 billion outflow suggests that a large portion of Ethereum holders are not looking to sell at current prices. Instead, they are moving their Ethereum off exchanges and holding long-term. This behavorial pattern oftentimes signifies confidence in Ethereum’s long-term prospects, as investors prefer to store their tokens in private wallets rather than leave them exposed to exchange risks.

最近幾週，隨著貿易商和投資者思考下一步行動，全球第二大加密貨幣在最近幾週內得到了很多合併。儘管更廣泛的市場情緒令人悲觀，但18億美元的流出表明，大部分以太坊持有人並不希望以當前價格出售。取而代之的是，他們正在將以太坊脫離交流並長期持有。這種行為的模式通常表示對以太坊的長期前景的信心，因為投資者更喜歡將其令牌存儲在私人錢包中，而不是讓他們面臨貿易風險。

At such a large sum, the holders of the cryptocurrency believe that the current market conditions present a buying opportunity. With Ethereum’s price still far from its previous all-time highs, some investors likely view this as a strategic entry point. This could be especially true for those who expect a rebound in the near future. Of course, this trend doesn’t mean that the holders aren’t. A broader analysis of market conditions could just as easily lead one to view this as a premature entry given the downward trend in the broader market.

加密貨幣的持有人這麼大，認為當前的市場狀況是購買機會。由於以太坊的價格距離其以前的歷史高潮還很遠，因此一些投資者可能將其視為戰略切入點。對於那些期望在不久的將來反彈的人來說，這尤其如此。當然，這種趨勢並不意味著持有人不是。鑑於更廣泛的市場的下降趨勢，對市場狀況的更廣泛分析可能同樣容易地將其視為過早入境。

Despite the long-term positivity surrounding Ethereum, price weakness and market uncertainty recently triggered short-term volatility. In the past 24 hours, for instance, $230 million worth of long positions in ETH were liquidated. That’s a 4.18% drop in the leverage taken on long positions over just 24 hours. Of course, not all traders use leverage, and plenty of traders have raked in profits recently from simply shorting. But using leverage makes the kind of market ETH is currently seeing even more unpredictable.

儘管以太坊的長期積極性，價格疲軟和市場不確定性最近引發了短期波動。例如，在過去的24小時中，在ETH中銷售了價值2.3億美元的ETH。這是在短短24小時內長位置上長位置下的槓桿作用的4.18％。當然，並非所有交易者都使用槓桿作用，而最近Simply Shorting的大量交易員最近獲得了利潤。但是，使用槓桿使那種市場ETH目前看到的是更加不可預測的。

Over $230 million in #Ethereum $ETH long positions were liquidated yesterday, shaking out overleveraged traders!

昨天清算了超過2.3億美元的#Ethereum $ ETH長位職位，使交易員震驚！

— Ali (@ali_charts) March 10, 2025

- Ali（@ali_charts）2025年3月10日

This time last year, the price of Bitcoin was around $40,000, having already fallen from its 2021 highs.

去年的這個時候，比特幣的價格約為40,000美元，已經從2021年的高點下降了。

The chart of Ethereum is showing one of the most interesting technical patterns today: a descending triangle, which is usually a signal for traders that the coin is about to break out of its current period of consolidation. Even in times like these, when half the crypto world is selling and the other half is buying, the price of Ethereum seems to be consolidating. Whatever direction it ultimately breaks out in, there will be strong price movement. If it breaks upward, it could lead to an increase in price of as much as 18%.

以太坊圖表顯示了當今最有趣的技術模式之一：下降三角形，這通常是交易者的信號，表明硬幣即將爆發出當前的合併時期。即使在這樣的時期，當加密貨幣世界的一半出售而另一半正在購買時，以太坊的價格似乎是在鞏固。無論它最終爆發出什麼方向，都會有強大的價格變動。如果它向上分解，則可能導致價格上漲多達18％。

If the price of Ethereum manages to break through key resistance levels, then a major recovery could be around the corner. That’s the way many investors see it right now, with their eyes set on not-too-distant upside price targets. But if Ethereum instead keeps following this downward path, then there’s the real potential for not-too-distant price targets that are heading much lower. What’s at risk here and what could be in store for the price of Ethereum in the near term?

如果以太坊的價格設法突破了關鍵的阻力水平，那麼重大恢復可能會臨近。這就是許多投資者現在看到的方式，他們的目光投向了不太可能的上漲目標目標。但是，如果以太坊不斷遵循這條向下的道路，那麼不及時的目標目標的真正潛力要低得多。這裡有什麼風險，在短期內以太坊的價格可能會出售什麼？

The market is unstable, but the descending triangle pattern usually shows that the market is waiting for a catalyst to send it in a more clear-cut direction. As it emerges from this lull, Ethereum could make one of two major moves: it could push upward and leave behind a bunch of resistances that have been a hassle for it and continue to be a price surge, a price pump (if you will), which would also be a nice Christmas present for a lot of people who hold Ethereum. Or it could collapse downward.

市場不穩定，但是下降的三角形模式通常表明市場正在等待催化劑將其朝著更明確的方向發送。以太坊從這種煩惱中出現時，以太坊可能會做出兩種主要動作之一：它可以向上推動，並留下一堆阻力，這些阻力一直是麻煩，並且繼續是價格上漲，價格泵（如果您願意的話），這對於許多持有以太坊的人來說也是一個不錯的聖誕節禮物。或者它可能向下崩潰。

Outflows from Ethereum ETFs and Institutional Sentiment

以太坊ETF和機構情緒的流出

The world’s second-largest cryptocurrency is also seeing outflows from the ETF that tracks it. According to the latest data from blockchain analytics firm Wu Blockchain, from March 3 to March 7, Ethereum spot ETF had a net outflow of $120 million. This is a clear sign that the institutional side of the investment spectrum is not comfortable with where Ethereum is currently trading. They are taking actions that highlight their conservatism and their inability to predict where Ethereum is headed next.

世界第二大加密貨幣也正在看到跟踪它的ETF的流出。根據3月3日至3月7日，區塊鏈分析公司WU區塊鏈的最新數據，以太坊景點ETF的淨流出為1.2億美元。這清楚地表明，投資範圍的機構方面對以太坊目前的交易不滿意。他們正在採取行動來強調他們的保守主義以及無法預測以太坊下一步的發展方向。

Last week (March 3 to March 7, ET), Bitcoin spot ETF had a net outflow of US$799 million; Fidelity ETF FBTC had a net outflow of US$201 million; Ethereum spot ETF had a net outflow of US$120 million.https://t.co/YanotfbWiJ— Wu Blockchain (@WuBlockchain) March 10, 2025

上週（美國東部時間3月3日至3月7日），比特幣現場ETF的淨流出為7.99億美元； Fidelity ETF FBTC的淨流出為2億美元； Ethereum Spot ETF的淨流出為1.2億美元。

The drains from Ethereum ETFs show that while long-term holders are

以太坊ETF的排水錶明，雖然長期持有人是